Komodo (KMD) Price Down 9.4% Over Last Week

Komodo (KMD) traded down 0% against the dollar during the 24-hour period ending at 8:00 AM ET on May 4th. One Komodo coin can now be purchased for $0.0029 or 0.00000004 BTC on major exchanges. Komodo has a market cap of $396.87 thousand and $172.95 thousand worth of Komodo was traded on exchanges in the last 24 hours. In the last seven days, Komodo has traded 9.4% lower against the dollar.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Zcash (ZEC) traded 3.9% higher against the dollar and now trades at $407.39 or 0.00516950 BTC.
• Horizen (ZEN) traded up 10.5% against the dollar and now trades at $7.20 or 0.00009131 BTC.
• Pirate Chain (ARRR) traded 8.5% higher against the dollar and now trades at $0.22 or 0.00000274 BTC.
• Bitcoin Gold (BTG) traded down 0% against the dollar and now trades at $0.52 or 0.00000660 BTC.
• ZClassic (ZCL) traded 25.9% lower against the dollar and now trades at $0.17 or 0.00000222 BTC.

Komodo Profile

Komodo (CRYPTO:KMD) is a dPoW/PoW coin that uses the Equihash hashing algorithm. Its genesis date was September 13th, 2016. Komodo’s total supply is 141,262,234 coins and its circulating supply is 135,953,876 coins. The official website for Komodo is komodoplatform.com. The official message board for Komodo is blog.komodoplatform.com. The Reddit community for Komodo is https://reddit.com/r/komodoplatform and the currency’s Github account can be viewed here. Komodo’s official Twitter account is @komodoplatform and its Facebook page is accessible here.

According to CryptoCompare, “Komodo is a privacy-centric cryptocurrency that combines the anonymity of ZCash with the security of Bitcoin. Using a new consensus mechanism developed by the Komodo team, delayed Proof of Work, Komodo blocks can be notarized using the Bitcoin blockchain. KMD is issued through an Equihash-based PoW protocol, and the new block information is sent to pre-voted notary nodes. These nodes insert the Komodo block information on the BTC blockchain by creating a custom transaction. This system ensures that in order to “hack” komodo, one would have to rewrite both chains. Komodo uses Zero Knowledge Proofs to provide 100% anonymous transactions, that are now secured with Bitcoin’s hash rate. Telegram, Discord, YouTube, Reddit, Github”

Buying and Selling Komodo

It is usually not possible to purchase alternative cryptocurrencies such as Komodo directly using U.S. dollars. Investors seeking to trade Komodo should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Komodo using one of the aforementioned exchanges.

KMD/USD price chart by TradingView